TDCX shares are trading higher despite the company reporting worse-than-expected Q2 financial results and cutting 2023 revenue growth guidance. HSBC upgraded the stock to buy and announced a $6 price target.
Portfolio Pulse from Benzinga Newsdesk
TDCX shares are trading higher despite the company reporting worse-than-expected Q2 financial results and reducing its 2023 revenue growth guidance. HSBC has upgraded the stock to 'buy' and set a $6 price target.
August 24, 2023 | 1:43 pm
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TDCX's stock is trading higher despite poor Q2 results and a cut in 2023 revenue growth guidance. The stock has been upgraded to 'buy' by HSBC with a $6 price target.
Despite TDCX's worse-than-expected Q2 results and a cut in its 2023 revenue growth guidance, the stock is trading higher. This is likely due to HSBC's upgrade of the stock to 'buy' and a $6 price target, which indicates a positive outlook for the stock. This news is highly relevant and important for TDCX investors, and there is high confidence in this analysis based on the information provided.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100